Bitcoin Price Will Be Holding Around $3,000-6,000, Mike Novogratz Predicts

Mike Novogratz, one of the most well-known and influential crypto investors, is sure that the worst part of market collapse is over and Bitcoin price won’t go down anymore.

In an interview with Bloomberg, Mike Novogratz said the period of a prolonged sharp price drop is over. Now the price of Bitcoin should hold somewhere between $3,000 and $6,000.

Novogratz also said that BTC will almost certainly become a digital store of wealth, along with a decentralized global Internet 3.0. Moreover, asset tokenization will continue, and more and more tokenized limited partnerships, funds, and art objects will appear in the foreseeable future.

Mike Novogratz founded Galaxy Digital, a crypto investment bank, and it is suffering a lot from a bear market. The total loss of the company for 3 quarters of 2018 stood at $136 million. Most of the losses occurred due to the fall in the value of Bitcoin, Ethereum, Ripple and other top cryptocurrencies.